Windstream 2012 Annual Report Download - page 191

Download and view the complete annual report

Please find page 191 of the 2012 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-93
18. Quarterly Financial Information – (Unaudited), Continued:
For the Year Ended December 31, 2011
(Millions, except per share amounts) Total 4th (a) 3rd 2nd 1st
Revenues and sales $ 4,281.2 $ 1,205.3 $ 1,023.2 $ 1,029.7 $ 1,023.0
Operating income $ 963.5 $ 95.9 $ 277.3 $ 298.4 $ 291.9
Net income (loss) $ 169.5 $ (34.7) $ 78.1 $ 96.7 $ 29.4
Basic and diluted earnings per share:
Net income (loss) $.32 ($.07) $.15 $.19 $.06
(a) Notes to Quarterly Financial Information:
The following tables present the effects of the revisions to our consolidated statements of income for the periods reported
above. See discussion in Note 2, Revisions to Prior Period Financial Statements. We have assessed these revisions and
determined they are not material to any previously issued financial statements and accordingly will revise with future filings.
(Millions, except per share amounts)
As
Previously
Reported
Effect of
Revision As Revised
For the quarter ended September 30, 2012
Consumer service revenues $ 335.4 $ (1.8) $ 333.6
Total service revenues 1,487.7 (1.8) 1,485.9
Product sales 64.7 (5.2) 59.5
Total revenues and sales 1,552.4 (7.0) 1,545.4
Selling, general, and administrative 225.4 4.1 229.5
Income taxes 33.3 (4.2) 29.1
Income from continuing operations 53.7 (7.1) 46.6
Net income (loss) 53.7 (7.1) 46.6
Basic and diluted earnings per share:
Net income (loss) $.09 ($.01) $.08
(Millions, except per share amounts)
As
Previously
Reported
Effect of
Revision As Revised
For the quarter ended June 30, 2012
Consumer service revenues $ 336.6 $ (0.9) $ 335.7
Total service revenues 1,470.0 (0.9) 1,469.1
Product sales 67.8 (2.5) 65.3
Total revenues and sales 1,537.8 (3.4) 1,534.4
Selling, general, and administrative (a) 236.0 2.0 238.0
Income taxes 33.8 (2.2) 31.6
Income from continuing operations 54.7 (3.3) 51.4
Net income (loss) 54.2 (3.3) 50.9
Basic and diluted earnings per share:
Net income (loss) $.09 $— $.09